Saturday, March 9, 2013

Immersion's New Multi-Year Licensing Deal With Samsung: Increased Royalty Rates Plus Basic Haptic

Read the whole article at Seeking Alpha: 

>>On Thursday, Immersion Corporation (IMMR) announced it had entered into a new multi-year agreement with Samsung (SSNLF.PK) which also includes a patent license covering Samsung's prior and future use of Basic Haptics.
On the news, the stock jumped about 30%. This is the second time in a relatively short period of time that Immersion's shares reacted positively to news related to Basic Haptic agreements: